YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 12-Month Low – What’s Next?

Shares of YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) hit a new 52-week low on Monday . The stock traded as low as $35.45 and last traded at $35.8760, with a volume of 182478 shares trading hands. The stock had previously closed at $36.34.

YieldMax COIN Option Income Strategy ETF Price Performance

The company has a fifty day simple moving average of $43.33 and a 200-day simple moving average of $62.32.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 23rd. Stockholders of record on Thursday, January 22nd were given a $0.4091 dividend. This represents a dividend yield of 3,094.0%. The ex-dividend date of this dividend was Thursday, January 22nd.

Hedge Funds Weigh In On YieldMax COIN Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CONY. Sound Income Strategies LLC purchased a new position in YieldMax COIN Option Income Strategy ETF during the 2nd quarter worth approximately $37,000. Captrust Financial Advisors lifted its holdings in shares of YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after purchasing an additional 13,949 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF in the third quarter worth $26,000. J.Safra Asset Management Corp acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF in the third quarter worth $202,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of YieldMax COIN Option Income Strategy ETF during the third quarter valued at $91,000.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.